AL: Air Lease Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Air Lease Corp (AL).

OverviewDividends

$5.37B Market Cap.

As of 05/05/2025 5:00 PM ET (MRY) • Disclaimer

AL Market Cap. (MRY)


AL Shares Outstanding (MRY)


AL Assets (MRY)


Total Assets

$32.28B

Total Liabilities

$24.75B

Total Investments

$0

AL Income (MRY)


Revenue

$2.73B

Net Income

$427.70M

Operating Expense

$1.36B

AL Cash Flow (MRY)


CF Operations

$1.68B

CF Investing

-$3.04B

CF Financing

$1.37B

AL Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$32,277,896,000 (6.00%)

$30,452,252,000 (7.24%)

$28,396,705,000 (5.29%)

$26,968,722,000 (6.95%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$7,532,626,000 (5.20%)

$7,160,038,000 (7.73%)

$6,646,363,000 (-5.17%)

$7,008,568,000 (15.42%)

Property Plant & Equipment Net

$28,931,904,000 (5.46%)

$27,434,276,000 (5.99%)

$25,883,358,000 (6.05%)

$24,407,896,000 (10.04%)

Cash & Equivalents

$476,104,000 (2.50%)

$464,492,000 (-40.45%)

$780,017,000 (-29.62%)

$1,108,292,000 (-36.95%)

Accumulated Other Comprehensive Income

$19,573,000 (1002.70%)

$1,775,000 (-24.63%)

$2,355,000 (230.25%)

-$1,808,000 (-656.31%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Payables

$1,272,984,000 (9.35%)

$1,164,140,000 (67.05%)

$696,899,000 (13.92%)

$611,757,000 (24.22%)

Accumulated Retained Earnings (Deficit)

$4,147,218,000 (7.17%)

$3,869,813,000 (14.26%)

$3,386,820,000 (-6.18%)

$3,609,885,000 (10.14%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$1,320,397,000 (3.01%)

$1,281,837,000 (32.04%)

$970,797,000 (-4.19%)

$1,013,270,000 (10.57%)

Total Debt

$20,209,985,000 (5.36%)

$19,182,657,000 (2.91%)

$18,641,063,000 (9.51%)

$17,022,480,000 (3.05%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$24,745,270,000 (6.24%)

$23,292,214,000 (7.09%)

$21,750,342,000 (8.97%)

$19,960,154,000 (4.27%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

AL Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$2,733,657,000 (1.81%)

$2,684,977,000 (15.87%)

$2,317,302,000 (10.96%)

$2,088,389,000 (3.62%)

Cost of Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Selling General & Administrative Expense

$185,933,000 (-0.04%)

$186,015,000 (18.59%)

$156,855,000 (25.20%)

$125,279,000 (30.93%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$1,363,581,000 (11.55%)

$1,222,380,000 (-36.00%)

$1,909,889,000 (84.65%)

$1,034,357,000 (15.70%)

Interest Expense

$836,819,000 (18.03%)

$708,963,000 (29.80%)

$546,178,000 (6.46%)

$513,016,000 (8.06%)

Income Tax Expense

$105,553,000 (-24.07%)

$139,012,000 (433.03%)

-$41,741,000 (-139.99%)

$104,384,000 (-19.96%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$427,704,000 (-30.41%)

$614,622,000 (733.47%)

-$97,024,000 (-122.22%)

$436,632,000 (-15.42%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$427,704,000 (-30.41%)

$614,622,000 (733.47%)

-$97,024,000 (-122.22%)

$436,632,000 (-15.42%)

Preferred Dividends Income Statement Impact

$55,631,000 (33.41%)

$41,700,000 (0.00%)

$41,700,000 (46.45%)

$28,473,000 (85.19%)

Net Income Common Stock

$372,073,000 (-35.06%)

$572,922,000 (512.99%)

-$138,724,000 (-133.99%)

$408,159,000 (-18.51%)

Weighted Average Shares

$111,325,481 (0.29%)

$111,005,088 (-0.56%)

$111,626,508 (-2.13%)

$114,050,578 (0.32%)

Weighted Average Shares Diluted

$111,869,386 (0.39%)

$111,438,589 (-0.17%)

$111,626,508 (-2.46%)

$114,446,093 (0.38%)

Earning Before Interest & Taxes (EBIT)

$1,370,076,000 (-6.33%)

$1,462,597,000 (259.00%)

$407,413,000 (-61.35%)

$1,054,032,000 (-6.01%)

Gross Profit

$2,733,657,000 (1.81%)

$2,684,977,000 (15.87%)

$2,317,302,000 (10.96%)

$2,088,389,000 (3.62%)

Operating Income

$1,370,076,000 (-6.33%)

$1,462,597,000 (259.00%)

$407,413,000 (-61.35%)

$1,054,032,000 (-6.01%)

AL Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$3,036,303,000 (-9.28%)

-$2,778,383,000 (18.38%)

-$3,404,204,000 (-10.00%)

-$3,094,780,000 (-22.46%)

Net Cash Flow from Financing

$1,370,896,000 (91.47%)

$715,978,000 (-57.73%)

$1,693,779,000 (58.52%)

$1,068,469,000 (-62.60%)

Net Cash Flow from Operations

$1,677,019,000 (-4.00%)

$1,746,880,000 (26.39%)

$1,382,150,000 (0.39%)

$1,376,836,000 (26.29%)

Net Cash Flow / Change in Cash & Cash Equivalents

$11,612,000 (103.68%)

-$315,525,000 (3.88%)

-$328,275,000 (49.46%)

-$649,475,000 (-145.75%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$3,036,303,000 (-6.80%)

-$2,843,097,000 (16.48%)

-$3,404,204,000 (-10.00%)

-$3,094,780,000 (-22.46%)

Issuance (Repayment) of Debt Securities

$1,051,390,000 (124.97%)

$467,342,000 (-70.56%)

$1,587,271,000 (251.86%)

$451,103,000 (-84.46%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

-$150,000,000 (-3354.63%)

-$4,342,000 (-166.10%)

Payment of Dividends & Other Cash Distributions

-$93,481,000 (-5.28%)

-$88,792,000 (-6.65%)

-$83,253,000 (-14.04%)

-$73,001,000 (-7.07%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$33,887,000 (-2.10%)

$34,615,000 (121.85%)

$15,603,000 (-41.16%)

$26,516,000 (50.42%)

Depreciation Amortization & Accretion

$1,143,761,000 (7.02%)

$1,068,772,000 (10.64%)

$965,955,000 (9.45%)

$882,562,000 (13.05%)

AL Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

100.00% (0.00%)

Profit Margin

13.60% (-36.15%)

21.30% (455.00%)

-6.00% (-130.77%)

19.50% (-21.69%)

EBITDA Margin

92.00% (-2.44%)

94.30% (59.02%)

59.30% (-36.03%)

92.70% (-1.80%)

Return on Average Equity (ROAE)

5.00% (-39.76%)

8.30% (495.24%)

-2.10% (-133.87%)

6.20% (-27.06%)

Return on Average Assets (ROAA)

1.20% (-36.84%)

1.90% (480.00%)

-0.50% (-131.25%)

1.60% (-23.81%)

Return on Sales (ROS)

50.10% (-8.07%)

54.50% (209.66%)

17.60% (-65.15%)

50.50% (-9.17%)

Return on Invested Capital (ROIC)

2.70% (-10.00%)

3.00% (233.33%)

0.90% (-64.00%)

2.50% (-16.67%)

Dividend Yield

1.80% (-5.26%)

1.90% (-5.00%)

2.00% (33.33%)

1.50% (7.14%)

Price to Earnings Ratio (P/E)

14.43 (77.58%)

8.13 (126.23%)

-30.98 (-350.78%)

12.36 (22.65%)

Price to Sales Ratio (P/S)

1.96 (13.21%)

1.73 (-6.32%)

1.85 (-23.35%)

2.42 (-3.63%)

Price to Book Ratio (P/B)

0.71 (9.69%)

0.65 (1.40%)

0.64 (-10.85%)

0.72 (-13.58%)

Debt to Equity Ratio (D/E)

3.29 (0.98%)

3.25 (-0.61%)

3.27 (14.92%)

2.85 (-9.64%)

Earnings Per Share (EPS)

3.34 (-35.27%)

5.16 (516.13%)

-1.24 (-134.64%)

3.58 (-18.82%)

Sales Per Share (SPS)

24.56 (1.52%)

24.19 (16.52%)

20.76 (13.37%)

18.31 (3.29%)

Free Cash Flow Per Share (FCFPS)

-12.21 (-23.65%)

-9.88 (45.48%)

-18.11 (-20.25%)

-15.06 (-19.18%)

Book Value Per Share (BVPS)

67.66 (4.90%)

64.5 (8.33%)

59.54 (-3.11%)

61.45 (15.05%)

Tangible Assets Book Value Per Share (TABVPS)

289.94 (5.69%)

274.33 (7.84%)

254.39 (7.58%)

236.46 (6.61%)

Enterprise Value Over EBIT (EV/EBIT)

18 (12.50%)

16 (-70.37%)

54 (170.00%)

20 (17.65%)

Enterprise Value Over EBITDA (EV/EBITDA)

9.97 (10.76%)

9 (-43.58%)

15.96 (48.81%)

10.72 (7.50%)

Asset Turnover

0.09 (-3.33%)

0.09 (8.43%)

0.08 (3.75%)

0.08 (-5.88%)

Current Ratio

-

-

-

-

Dividends

$0.85 (4.94%)

$0.81 (7.28%)

$0.76 (13.53%)

$0.67 (9.02%)

Free Cash Flow (FCF)

-$1,359,284,000 (-24.00%)

-$1,096,217,000 (45.79%)

-$2,022,054,000 (-17.70%)

-$1,717,944,000 (-19.56%)

Enterprise Value (EV)

$25,065,989,578 (10.00%)

$22,786,591,949 (3.99%)

$21,912,563,367 (5.53%)

$20,764,863,821 (9.45%)

Earnings Before Tax (EBT)

$533,257,000 (-29.24%)

$753,634,000 (643.10%)

-$138,765,000 (-125.65%)

$541,016,000 (-16.34%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$2,513,837,000 (-0.69%)

$2,531,369,000 (84.32%)

$1,373,368,000 (-29.08%)

$1,936,594,000 (1.81%)

Invested Capital

$52,011,777,000 (5.78%)

$49,170,417,000 (6.30%)

$46,257,751,000 (7.87%)

$42,882,910,000 (7.27%)

Working Capital

-

-

-

-

Tangible Asset Value

$32,277,896,000 (6.00%)

$30,452,252,000 (7.24%)

$28,396,705,000 (5.29%)

$26,968,722,000 (6.95%)

Market Capitalization

$5,369,479,578 (15.31%)

$4,656,482,949 (9.29%)

$4,260,474,367 (-15.49%)

$5,041,651,821 (-0.25%)

Average Equity

$7,436,860,000 (7.32%)

$6,929,582,500 (6.67%)

$6,496,004,000 (-2.03%)

$6,630,569,500 (12.12%)

Average Assets

$31,590,634,250 (5.97%)

$29,811,360,000 (7.29%)

$27,785,495,500 (5.92%)

$26,232,046,000 (11.04%)

Invested Capital Average

$50,985,092,750 (5.58%)

$48,288,784,000 (7.15%)

$45,067,503,250 (8.15%)

$41,671,948,250 (10.73%)

Shares

111,376,884 (0.31%)

111,027,252 (0.12%)

110,892,097 (-2.72%)

113,987,154 (0.18%)